THE North Sydney Council has approved property developer Third.i and Toohey Miller $650 million Warada on Walker (WoW) development.
Designed by architecture firm Woods Bagot, the development will comprise 22-levels of office and co-working spaces with over 27,000 sqm of net lettable area. Each typical floor plate spans across at least 1,150 sqm of internal space.
The design of the development was conceived during the height of the 2019 bushfires and refined during the coronavirus pandemic, to be one of Sydney’s first workplaces to be consciously designed for occupation in a post-Covid world.
Third.i co-founder and director Luke Berry said the JV partners are thrilled with the approval after working meticulously with the North Sydney Council and the North Sydney’s Design Excellence Panel to deliver the best outcome for the site and the broader community.
“We are just ecstatic to receive our development approval for Warada on Walker, a project representing a rebirth of sorts for North Sydney’s commercial sector and with the support of the Council, we see this building playing a major role in North Sydney’s return to the national stage as a genuine CBD of Australia,” said Berry.
Toohey Miller founder and director Nick Couloumbis said the brief to Woods Bagot was to create a building that maximised the buildings generous floor plates, create as many open-air collaboration spaces as possible and design it within a façade that would inspire workers to return to the office.
“It’s fair to say that Woods Bagot and his team have certainly delivered on that.
“It’s been a quite enjoyable experience sharing our proposed project design with the council and industry partners and we can’t wait to bring the WOW factor back to North Sydney’s skyline,” said Couloumbis.
The project has secured early interest from tenants. JLL has been appointed as the leasing agents, space available for rent is set to hit the market later this year.
Construction and demolition works are estimated to begin in late 2022 with the project scheduled for completion in the third quarter of 2025.
The development will also include 73 car spaces, 156 bike spaces, 12 retail spaces, state-of-the-art end of trip facilities for commuters, one basement space, a co-working space, and a 1,000 sqm roof top garden with expansive CBD views.
It will also feature a 6-star Green Star rating and a 5.5 environmental rating.
“Sydney hasn’t had a project like this in quite some time and will easily be one of our legacy projects we’ll remember as we make our way out of the pandemic world,” concluded Berry.